Serco Group Stock Rating Reaffirmed by Cantor Fitzgerald (SRP)
Serco Group (LON:SRP)‘s stock had its “hold” rating reiterated by stock analysts at Cantor Fitzgerald in a report issued on Wednesday, AnalystRatingsNetwork.com reports. They currently have a GBX 550 ($8.87) target price on the stock. Cantor Fitzgerald’s price objective would indicate a potential upside of 2.23% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Goldman Sachs Group Inc. cut their price target on shares of Serco Group (LON:SRP) from GBX 695 ($11.21) to GBX 658 ($10.62) in a research note to investors on Friday, September 27th. They now have a “neutral” rating on the stock. Separately, analysts at Liberum Capital reiterated a “hold” rating on shares of Serco Group (LON:SRP) in a research note to investors on Tuesday, September 24th. They now have a GBX 540 ($8.71) price target on the stock. Finally, analysts at Credit Suisse reiterated a “neutral” rating on shares of Serco Group (LON:SRP) in a research note to investors on Friday, September 20th. They now have a GBX 660 ($10.65) price target on the stock. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 614.05 ($9.91).
Shares of Serco Group (LON:SRP) traded down 2.71% during mid-day trading on Wednesday, hitting GBX 538.00. The stock had a trading volume of 1,264,922 shares. Serco Group has a 1-year low of GBX 507.50 and a 1-year high of GBX 689.45. The stock’s 50-day moving average is GBX 591.1 and its 200-day moving average is GBX 614.0. The company’s market cap is £2.637 billion.
Serco Group plc is a holding company. The Company operates in five segments: Civil Government; Local Government and Commercial; Defense, Science and Nuclear; Americas, and AMEAA.
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